Covid-19 pandemic hits Rahim Textile hard
The company declares only 11% dividend
BI Report || BusinessInsider
Published: 23:59, 25 October 2020
Dhaka (Oct 25, 2020): Rahim Textile Mills has recommended 11 percent cash dividend for the year ended on June 30, 2020, down from 30 percent in the previous year.
Closure of the mills for two months and adverse impacts of the coronavirus pandemic have impacted the company’s business badly.
According to a statement posted on the Dhaka Stock Exchange, the company said its earnings per share nosedived to only Tk 0.75 for the financial year ended on June 30, down from Tk 5.76 a year ago.
